by Florin Oprea
Hugh Son – Bloomberg
At first, bitcoin was a way to make payments without banks. Now, with more than $100 billion stashed in digital currencies, banks are debating whether and how to get in on the action.
DNT: Yeah, you know…I already said it a few weeks ago: if you can’t beat them, join them. Natural.
Joumanna Bercetche – CNBC
“I think blockchain is a super interesting technology but there are a lot of fads going on right now … There are a lot of these initial coin offerings which are in my opinion are absolute scams and people should be very wary of things that are going on in that area“
DNT: Jimmy Wales warns about ICOs, but thinks Blockchain is an “super interesting technology” and it will “be with us for some time to come...”. Very dual. Anyway, it’s not a Jamie Dimon type of opinion. But the army of contesters is getting bigger.
FAO: The “cryptoverse” cannot evolve without its “goods and bads”…This is evolution under our eyes. We need also supporters and contesters to get going. It’s interesting to see though how EVERYONE is jostling to say something about bitcoin, blockchain, ICOs etc. etc.
Ash Bennington – CoinDesk
Author and investor William Mougayar has launched a blockchain-based cryptocurrency index fund. Mougayar is one of 12 managers to open up a fund on iconomi, a blockchain-based digital asset management platform.
DNT: William Mougayar is, besides others, the author of “The Business Blockchain” book.
FAO: A fund per day…good rate…no wonder cryptocurrency job openings doubled in the last 6 months – as revealed in a recent AngelList report (published in September).
Matthew Leising – Bloomberg
A major breakthrough in cryptography may have solved one of the biggest obstacles to using blockchain technology on Wall Street: keeping transaction data private. Known as a “zero-knowledge proof,” the new code will be included in an Oct. 17 upgrade to the ethereum blockchain, adding a level of encryption that lets trades remain private.
FAO: Oh yeah, we’re going there…
Oliver Pickup – Huffington Post
Sweden, the Scandinavian nation famous for ABBA, Björn Borg, and Volvo, is leading the way when it comes to becoming the world’s first cashless country – and the technology behind Bitcoin, and the cryptocurrencies it has spawned, is catalysing the process.
DNT: Nice intro about Sweden..
FAO: The Swedes recently started using blockchain to register land and properties – reported in July.
Simon Alvarez – Tech Wire Asia
BITHUMB, one of South Korea’s and the world’s largest cryptocurrency exchanges, has added Zcash to its lineup of supported digital currencies, a move that comes amid the nation’s crackdown on ICOs.
Evelyn Cheng – CNBC
Dan Morehead, chairman of digital currency exchange Bitstamp, said bitcoin and other digital currencies will likely become assets serious investors will want in their portfolios.
FAO: If they aren’t already…
NSD has joined forces with two majors to bring to life a decentralized ledger solution that will allow trading, placement and record keeping for bonds to be simple and transparent. Raiffeisenbank Russia became a blockchain bond issue pioneer, starting the initial placement and subsequently purchasing $10M worth of papers of MegaFon, one of the largest mobile network operators in CIS.
FAO: The Russians at the National Settlement Depository (NSD) built their first blockchain-based business application. Remember we had several statements regarding NSD’s and MOEX’s plans involving blockchain (use the Archive). Looks like they are quite ahead with their plans.
Hyperledger released its first production ready Blockchain in July.
Jeff Patterson – Finance Magnates
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore have collectively harnessed blockchain technology in a new prototype for inter-bank payments. The project was done in collaboration with a consortium of eleven other financial groups and five technology venues.
FAO: Should we create a distinct “Singapore Section” in our daily bulletins? The answer to my question in today’s FinTech Daily News is “No” – they don’t sleep at night in Singapore.
Garrett Baldwin- Money Morning
Litecoin prices were flat as Malaysia’s central bank announced it could ban cryptocurrencies by the end of the year.
FAO: Team “Against” (Asia) – new entry: Malaysia. Check the initial list of “Teams” here.
Damian Radcliffe – ZDNet
Earlier this year, Dubai announced its intention to turn itself into the first blockchain-powered government in the world by 2020.
FAO: A Team “Pro” (Asia) Gold member – Dubai issued emCash, the first ever state cryptocurrency – more HERE.
Kyle Samani – Forbes
Cryptographically bound peer-to-peer networks (henceforth called “crypto” for short) are going to be one of the defining technologies of our lifetimes. They enable fundamentally new forms of social organization.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News